RWE Dea has announced plans for further exploration in the Gulf of Suez.
At the East Ras Budran Offshore concession, the company plans to acquire seismic and drill an exploration well.
The work program for the recently awarded two offshore concessions (the award is subject to approval by the Egyptian authorities) will include seismic reprocessing and two exploration wells at the East Ras Fanar Offshore and one well at the Northwest El Amal concessions.
The East Ras Fanar Offshore Block is located offshore in shallow water depth in the central Gulf of Suez close to Dea’s Ras Fanar oil field. The Northwest El Amal Block lies offshore in the southern Gulf of Suez between the July and Amal oil fields, in the vicinity of the giant Morgan oil field and the latest significant oil find in the Gulf of Suez – the Saqqara field.
The East Ras Fanar Offshore Block covers an area of approximately 187 square kilometers, while the Northwest El Amal Block covers approximately 365 square kilometers.